Invesco Variable Rate Investment Grade ETF Declares Monthly Dividend of $0.13 (NASDAQ:VRIG)

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, November 20th, NASDAQ reports. Investors of record on Tuesday, November 21st will be given a dividend of 0.1272 per share on Friday, November 24th. This represents a $1.53 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Monday, November 20th.

Invesco Variable Rate Investment Grade ETF Stock Up 0.1 %

Shares of VRIG stock opened at $24.88 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 52 week low of $24.51 and a 52 week high of $25.07. The firm’s 50-day simple moving average is $24.95 and its two-hundred day simple moving average is $24.94.

Hedge Funds Weigh In On Invesco Variable Rate Investment Grade ETF

Institutional investors have recently bought and sold shares of the company. Fortis Capital Advisors LLC bought a new stake in shares of Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at $27,000. UBS Group AG purchased a new stake in Invesco Variable Rate Investment Grade ETF during the second quarter valued at about $28,000. Belpointe Asset Management LLC lifted its holdings in Invesco Variable Rate Investment Grade ETF by 42.6% during the first quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Variable Rate Investment Grade ETF by 96.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after purchasing an additional 1,203 shares during the period. Finally, Retirement Group LLC increased its stake in shares of Invesco Variable Rate Investment Grade ETF by 109.1% in the fourth quarter. Retirement Group LLC now owns 2,714 shares of the company’s stock worth $67,000 after purchasing an additional 1,416 shares in the last quarter.

About Invesco Variable Rate Investment Grade ETF

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities.